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On Stage (periodical)
Stagecoach Group is a transport group based in Perth, Scotland. It operates buses, express coaches and a tram service in the United Kingdom. History Stagecoach was born out of deregulation of the British express coach market in the early 1980s, though its roots can be traced back to 1976 when Ann Gloag and her husband Robin Gloag set up a small recreational vehicle and minibus hire business called ''Gloagtrotter'' in Perth, Scotland. Ann's brother, Brian Souter, an accountant, joined the firm and expanded the business into bus hire. In 1982, with the collapse of his marriage to Ann, Robin Gloag sold his ownership stake in the business and ceased any involvement. The Transport Act 1980, which freed express services of 35 miles and over from regulation by the Traffic Commissioner, brought new opportunities for the company and services were launched from Dundee to London using second-hand Neoplan coaches. For a while, the company offered a very personal service with Brian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scottish Citylink
Scottish Citylink is a long-distance express coach operator in Scotland and Ireland (where it operates as Irish Citylink) and England (where it operates as Stansted Citylink). The company was formed as a subsidiary of Scottish Transport Group in March 1985. It is operated as a 63/37 joint venture between ComfortDelGro and Stagecoach. Operation Scottish Citylink operates an extensive network of long-distance express services within Scotland, operating 19 routes linking the cities of Glasgow, Edinburgh, Aberdeen, Dundee, Stirling and Inverness, as well as linking some rural Highland communities to the main urban areas of Scotland. Services also operate to Northern Ireland via the ferry link between Stranraer and Belfast, and there are seasonal workings to Blackpool. In all, over 200 destinations are served by Scottish Citylink within Scotland, using about 90 coaches provided by operators local to the 'destination' area, carrying over three million passengers annually. Despite the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prestwick Airport
Glasgow Prestwick Airport () is an international airport serving the west of Scotland, situated northeast of the town of Prestwick in South Ayrshire and southwest of Glasgow. It is the less busy of the two airports serving the western part of Scotland's Central Belt, after Glasgow Airport in Renfrewshire, within the Greater Glasgow conurbation. The airport serves the urban cluster surrounding Ayr, including: Kilmarnock, Irvine, Ardrossan, Troon, Saltcoats, Stevenston, Kilwinning, and Prestwick itself. Glasgow Prestwick is Scotland's fifth-busiest airport in terms of passenger traffic, although it is the largest in terms of land area. Passenger traffic peaked at 2.4 million in 2007 following a decade of rapid growth, driven in part by the boom in low-cost carriers, particularly Ryanair, which uses the airport as an operating base. In recent years, passenger traffic has declined; around 670,000 passengers passed through the airport in 2016. History Passenger facilities were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Yorkshire Passenger Transport Executive
The South Yorkshire Passenger Transport Executive is the passenger transport executive for South Yorkshire in England. It is supervised by the South Yorkshire Mayoral Combined Authority, which consists of representatives from the metropolitan boroughs of Sheffield, Rotherham, Doncaster, and Barnsley. History Between 1974 and 1994 it ran virtually all bus services in the county. From 1986 until 1993, buses were operated by an arms length company, South Yorkshire Transport, until a management buyout created the bus operating company Mainline Group. Shortly after Stagecoach purchased a 20% stake in the company, however this was sold in 1995 to FirstBus. Operations SYPTE is responsible for all the bus stops, shelters and bus interchanges in the county, along with park & ride sites. It provides comprehensive public transport information at stops, in the form of timetable leaflets, information on the web and a telephone enquiry service called Traveline. SYPTE has a network of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sheffield Supertram
The Sheffield Supertram is a tram and tram-train network covering Sheffield and Rotherham in South Yorkshire, England. The infrastructure is owned by the South Yorkshire Passenger Transport Executive (SYPTE), with Stagecoach responsible for the operation and maintenance of rolling stock under a concession until 2024, under the brand name Stagecoach Supertram. Interest in building a modern tram system for Sheffield had mounted during the 1980s. After detailed planning by SYPTE, the Supertram proposal was approved by Act of Parliament#United Kingdom Parliament, Act of Parliament in 1991. Construction of the network, incorporating several existing heavy rail sections as well as new track, was carried out in sections, allowing revenue services to start during 1994. Early operations, hindered by a complex ticketing system and the initially small coverage area, had disappointing ridership figures. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abbey (bank)
The Abbey National Building Society was formed in 1944 by the merger of the Abbey Road and the National building societies. It was the first building society in the United Kingdom to demutualise, doing so in July 1989. The bank expanded through a number of acquisitions in the 1990s, including James Hay, Scottish Mutual, Scottish Provident and the rail leasing company Porterbrook. Abbey National launched an online bank, Cahoot, in June 2000. In September 2003, the bank rebranded as Abbey, and in November 2004, it became a wholly owned subsidiary of the Spanish Santander Group, with a rebrand following in February 2005. In January 2010, the savings business of Bradford & Bingley was combined with the bank, and Abbey National plc was renamed Santander UK plc. Prior to the takeover, Abbey National plc was a constituent of the FTSE 100 Index. History Pre-merger: The National Building Society The National Building Society had its origins in the freehold land movement, sometimes ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railway Gazette International
''Railway Gazette International'' is a monthly business magazine and news website covering the railway, metro, light rail and tram industries worldwide. Available by annual subscription, the magazine is read in over 140 countries by transport professionals and decision makers, railway managers, engineers, consultants and suppliers to the rail industry. A mix of technical, commercial and geographical feature articles, plus the regular monthly news pages, cover developments in all aspects of the rail industry, including infrastructure, operations, rolling stock and signalling. History ''Railway Gazette International'' traces its history to May 1835 as ''The Railway Magazine'', when it was founded by Effingham Wilson. The ''Railway Gazette'' title dates from July 1905, created to cover railway commercial and financial affairs. In April 1914 it merged with ''The Railway Times'', which incorporated '' Herapath's Railway Journal'', and in February 1935 it absorbed the ''Railway Engine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Network Rail
Network Rail Limited is the owner (via its subsidiary Network Rail Infrastructure Limited, which was known as Railtrack plc before 2002) and infrastructure manager of most of the railway network in Great Britain. Network Rail is an "arm's length" public body of the Department for Transport with no shareholders, which reinvests its income in the railways. Network Rail's main customers are the private train operating companies (TOCs), responsible for passenger transport, and freight operating companies (FOCs), who provide train services on the infrastructure that the company owns and maintains. Since 1 September 2014, Network Rail has been classified as a "public sector body". To cope with fast-increasing passenger numbers, () Network Rail has been undertaking a £38 billion programme of upgrades to the network, including Crossrail, electrification of lines and upgrading Thameslink. In May 2021, the Government announced its intent to replace Network Rail in 2023 with a ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Porterbrook
Porterbrook is a British rolling stock company (ROSCO), created as part of the privatisation of British Rail. Together with Angel Trains and Eversholt Rail Group, it is one of the three original ROSCOs. Porterbrook was established in March 1994 and was privatised via a management buyout during November 1995. In August 1997, it was acquired by the transport specialist Stagecoach at a far higher value. Two and a half years later, Stagecoach sold Porterbrook to the British banking group Abbey National. Prior to this, Porterbrook had entered the freight leasing market for the first time as well as the continental European rail leasing market; the latter activities were sold off in December 2004, resulting in the creation of CB Rail. On 27 October 2008, Porterbrook was purchased from Abbey National by a consortium of Antin Infrastructure Partners, Deutsche Bank and Lloyds TSB. During the 2010s, Porterbrook engaged in various projects to overhaul or dispose of aging rolling stock. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatisation Of British Rail
The privatisation of British Rail was the process by which ownership and operation of the railways of Great Britain passed from government control into private hands. Begun in 1994, it had been completed by 1997. The deregulation of the industry was initiated by EU Directive 91/440 in 1991, which aimed to create a more efficient rail network by creating greater competition. British Railways (BR) had been in state ownership since 1948, under the control of the British Railways Board (BRB). Under the Conservative government of Margaret Thatcher elected in 1979, various state-owned businesses were sold off, including various functions related to the railways – Sealink ferries and British Transport Hotels by 1984, Travellers Fare catering by 1988 and British Rail Engineering Limited (train building) by 1989. It was under Thatcher's successor John Major that the railways themselves were privatised, using the Railways Act 1993. The operations of the BRB were broken up and sold o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employee-owned Corporation
Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). US employees typically acquire shares through a share option plan. In the UK, Employee Share Purchase Plans are common, wherein deductions are made from an employee's salary to purchase shares over time. In Australia it is common to have all employee plans that provide employees with $1,000 worth of shares on a tax free basis. Such plans may be selective or all-employee plans. Selective plans are typically only made available to senior executives. All-employee plans offer participation to all employees (subject to certain qualifying conditions such as a minimum length of service). Most corporations use stock ownership plans as a form of an employee benefit. Plans in public companies generally limit the total number or the percentage of the company's stock that may be acquired by employees under a plan. Compared wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Buyouts
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
%2C_15_September_2011.jpg "Click for more on -> Scottish Citylink")
